The increasing adoption of lightweight materials in various end-use applications due to its superior properties over traditional materials, and favorable government regulations are major factors driving the market growth. The lightweight materials market witnessed significant growth in recent past, due to rising government investments in renovation of power projects, such as hydro and wind energy. In addition, rising demand for fuel-efficient vehicles is expected to drive growth of the global market in the next ten years. In addition, increasing need for lightweight components in the production of aircraft modules is expected to uplift demand for advanced composites and lightweight materials over the forecast period.

High cost involved in deployment of lightweight materials and uncertainty in production tax credit are major factor expected to hamper growth of the global lightweight materials market. However, increasing investments by various federal agencies and governments in countries across the world, and growing demand from developing countries such as India, China, and Brazil is anticipated to create significant opportunities for manufacturers operating in the global lightweight materials market.

Asia Pacific market is expected to dominate the global lightweight materials market owing to booming industries such as automotive and aviation in emerging economies of China and India. Growth of North America market can be attributed to the presence of several carbon composites and automotive manufacturers in this region. Increasing innovations in the aviation sector and an increasing wind project installations in various regions is anticipated to have a positive impact on growth of the global market.

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